Barclays PLC Buys 4,945 Shares of TaskUs, Inc. (NASDAQ:TASK)

Barclays PLC increased its stake in shares of TaskUs, Inc. (NASDAQ:TASK) by 24.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,774 shares of the company’s stock after buying an additional 4,945 shares during the quarter. Barclays PLC’s holdings in TaskUs were worth $321,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. XTX Topco Ltd acquired a new stake in shares of TaskUs in the 3rd quarter valued at $269,000. Jane Street Group LLC lifted its holdings in TaskUs by 9.9% during the 3rd quarter. Jane Street Group LLC now owns 21,761 shares of the company’s stock valued at $281,000 after purchasing an additional 1,959 shares during the last quarter. Quarry LP boosted its position in TaskUs by 357.4% in the third quarter. Quarry LP now owns 13,567 shares of the company’s stock valued at $175,000 after buying an additional 10,601 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in TaskUs by 47.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 263,734 shares of the company’s stock worth $3,407,000 after buying an additional 84,988 shares during the last quarter. Finally, Centiva Capital LP increased its holdings in shares of TaskUs by 27.6% during the third quarter. Centiva Capital LP now owns 19,512 shares of the company’s stock worth $252,000 after buying an additional 4,218 shares in the last quarter. Institutional investors and hedge funds own 44.64% of the company’s stock.

Wall Street Analyst Weigh In

TASK has been the topic of several research analyst reports. Robert W. Baird increased their target price on TaskUs from $16.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Bank of America raised shares of TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Monday, December 9th. Finally, Morgan Stanley raised shares of TaskUs from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $18.00 to $21.00 in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $17.00.

TaskUs Price Performance

Shares of NASDAQ TASK opened at $16.77 on Monday. The firm has a market cap of $1.50 billion, a PE ratio of 28.42, a PEG ratio of 3.85 and a beta of 2.23. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.50. TaskUs, Inc. has a 1-year low of $10.56 and a 1-year high of $19.60. The company has a fifty day moving average price of $15.78 and a 200 day moving average price of $14.45.

Insider Activity

In other TaskUs news, COO Stephan Daoust sold 62,159 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $18.23, for a total value of $1,133,158.57. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Steven Amaya sold 2,600 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $18.08, for a total transaction of $47,008.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 140,338 shares of company stock valued at $2,548,902. 29.26% of the stock is owned by company insiders.

TaskUs Company Profile

TaskUs, Inc provides digital outsourcing services for companies in Philippines, the United States, India, and internationally. It offers digital customer experience that consists of omni-channel customer care services primarily delivered through non-voice digital channels; and other solutions, including experience and customer care services for new product or market launches, and customer acquisition solutions.